authID prices $1.35 million senior secured convertible debenture offering
AUID•authID priced a private placement of senior secured convertible debentures expected to generate about $1.35 million in gross proceeds, with closing expected to begin on or about Oct. 6, subject to customary conditions.
1. Offering terms
The debentures convert into common stock at $0.386 per share, and warrants issued with the financing have an exercise price of $0.50. Holders of debentures issued in April 2026 agreed to extend their maturity to Feb. 28, 2027. authID said it plans to use net proceeds for working capital and general corporate purposes.
